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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: American Spirit who wrote (98249)5/17/2007 9:26:20 AM
From: Emile Vidrine  Read Replies (3) of 173976
 
"Falwell was convicted of fraud for issuing unsecured "church bonds",

He was "charged", not convicted!

"In 1972, the U.S. Securities and Exchange Commission (SEC) launched an investigation of bonds issued by Falwell's organizations. The SEC charged Falwell's church with "fraud and deceit" in the issuance of $6.5 million in unsecured church bonds.[26] The church won a 1973 federal court case prosecuted at the behest of the SEC, in which the Court exonerated the Church and ruled that there had been no intentional wrong-doing."
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